Good corporate governance pays: The case of Micro-Mechanics
MM is a role model for small firms seeking to grow and be successful, but larger companies can also learn a lot from it about the spirit of good governance.
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THE latest volume 10 of the annual Corporate Governance Case Studies published by CPA Australia which I edit has a case study called Micro-Mechanics: The Little Giant in Corporate Governance.
Micro-Mechanics (MM) has consistently been one of the best governed and most transparent companies listed on SGX, punching well above its weight. It listed on the then Sesdaq in 2003 before moving to the Mainboard in 2008. It won the most transparent company award for Sesdaq companies in 2005, followed by a corporate governance award in 2006, both organised by the Securities Investors Association (Singapore) under its Investors' Choice Awards.
I was co-chair of the Singapore Corporate Governance Awards (SCGA) when it became one of the first Sesdaq companies to win the award since its launch in 2003, as no Sesdaq company won in the initial years.
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